Floki Inu DAO Approves Plan To Burn Tokens Worth More Than $100 Million
A recent governance proposal that aimed to burn 4.2 trillion FLOKI tokens on a cross-chain bridge and lower transactional tax was approved by the Floki Inu community. Floki subsequently moved to the quicker and less expensive BNB Chain in 2021 in response to community requests.
According to developers, the proposal was approved by a 99.97% majority in support of burning the bridge tokens and 0.03% against it. The 4.2 trillion tokens will be permanently burned at 8 PM UTC on February 9, 2023, and the Floki Inu transaction tax will be reduced to 0.3% as at 8 PM UTC on February 3. With a 10 trillion token supply initially on Ethereum, Floki Inu subsequently moved to the quicker and less expensive BNB Chain in 2021 in response to community requests. FLOKI from Ethereum to BNB Chain and vice versa, this required a cross-chain bridge.
Source
https://t.me/DeFi_Ethereum
